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Showing posts from October, 2018

When to Recalculate your Life Insurance Needs

According to  Randon James Morris , for most people, it is easy to say “I’ll handle that later.” Especially when it comes to life insurance. We assume that we have time to sort out the details of adequate coverage down the road. However, in the end, either we forget it mentally or it’s too late to consider. Needless to say, life insurance can play a key role in protecting your loved ones financially when you pass away unexpectedly. Often the role of protection plays in your financial plan depends on your life stage. Here are several examples of when you may want to evaluate your life insurance options:  Young adults starting their careers When an individual settles into his first or second job and takes on responsibility for all financial matters, he needs to balance a myriad of priorities. These may include managing the mortgage of a newly-purchased home or paying off significant student loan debt. In the happening of your death, it may become difficult for...